Business

Gold Fields, Yamana Heads Defend Takeover Deal as Top Investor Balks

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Van Eck Associates Corp., the biggest Yamana investor and the third-largest shareholder in Gold Fields, is critical of the transaction, the Globe and Mail reported Thursday. Portfolio manager Joe Foster called the deal “poorly structured” and said the market doesn’t understand the strategy behind the deal, the newspaper reported. Messages left with Foster weren’t immediately returned.



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